Policy makers may not know that the economy is in a recession until six months after the recession starts; this phenomenon is known as the _____

The amount of output produced with an additional unit of variable input is referred to as:

A) total product. B) average variable product. C) marginal product. D) average fixed product.

The smaller the country, the more its spending tends to affect other countries.

Answer the following statement true (T) or false (F)